PLR 201548003 In a private letter ruling (PLR), IRS has ruled that the common parent of an affiliated group of corporations can claim a worthless stock deduction on its wholly-owned subsidiary’s liquidation or conversion to a disregarded entity for federal income tax purposes. For purposes of the Code Sec. 165(g)(3)(B) gross receipts test, the […]

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Law Offices of Paul W. Raymond

Newport Beach Office

The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as Tax Advice or Legal Advice for any individual tax issue or situation.